ASX today, ASX 200 up 0.76%, Kaoko Metals falls 56.5%

Samso Market Update | Monday, 12 October 2026 | Market close 4:30pm AEDT

The S&P/ASX 200 rose 66.6 points or 0.76% on the ASX today to close at 8,783.2, led by banks and miners. The All Ordinaries, which tracks the 500 largest listed companies, rose 59.3 points or 0.67% to 8,937.0. The S&P/ASX Small Ordinaries, an index of the companies ranked 101 to 300 by size, slipped 3.0 points or 0.09% to 3,278.9. More shares fell than rose across the whole market. This morning's pre-market edition is below, and Friday's edition is ASX today, Friday 9 October 2026.

ASX today: Key Highlights

• The ASX 200 rose 0.76% to 8,783.2. Financials rose 1.56% and materials rose 1.52%.

• Seven of the 11 ASX 200 sectors fell. Communication services fell 1.94%, with Telstra down 2.52% and TPG Telecom down 4.90%.

• Of 1,545 companies that traded, 523 rose, 671 fell and 351 were unchanged.

• Kaoko Metals (ASX: KAO) fell 56.5% to 84 cents on the day it reported its first assay results from Namibia.

• EBR Systems (ASX: EBR) fell 40.4% on the day it released a quarterly update. Metro Mining (ASX: MMI) fell 25.4% on the day it released its September operational update.

• Copper futures rose 1.38% and Brent crude futures fell 1.07% by the close.

Banks and miners lift the index, telcos fall

Financials, the sector that holds the banks, rose 1.56%. Materials, which holds the miners, rose 1.52%. Westpac rose 2.70% to A$34.63, National Australia Bank rose 2.26% to A$38.53, ANZ rose 1.96% to A$37.91 and Commonwealth Bank rose 1.15% to A$151.00. BHP rose 2.45% to A$62.43, Fortescue rose 2.87% to A$15.78 and Rio Tinto rose 1.60% to A$164.96. ABC News linked the iron ore miners' gains to a rise in iron ore futures. Gold miner Northern Star Resources rose 2.50% to A$25.00.

Communication services, the sector that holds the telcos, fell 1.94%, the weakest of the 11. Telstra fell 2.52% to A$4.65. ABC News and Market Index reported that telco shares fell around the world after reports that SpaceX had agreed to buy mobile spectrum, the radio frequencies phone networks use, in a deal of about US$8 billion. ABC said this raised fears of competition from satellite phone services. Real estate fell 1.39%, with Goodman Group down 1.91%. Consumer staples fell 0.56%, with Woolworths down 1.31%.

Smaller companies did not share the gains. The Small Ordinaries slipped 0.09%. The Commonwealth Bank's wage report found annual wage growth held at 3.3% in September, according to ABC News. The official labour force figures are due on Thursday.

Blue Chips (above A$1 billion)

These are Samso's size bands, measured at Friday's close. They are not the same as the Small Ordinaries index. Turnover is the dollar value of shares traded today. TABLE 01 below lists the top five gainers and fallers in each band.

Gainers

• Southern Cross Electrical Engineering (ASX: SXE) rose 7.78% to A$4.99 on turnover of A$13.8 million. It announced before the open that it will buy Entire Operations, a Victorian fire protection and air-conditioning services group, for up to A$112.1 million. It lifted its guidance for EBITDA, earnings before interest, tax, depreciation and amortisation, for the year to June 2027 to at least A$110 million, including Entire.

• DPM Metals (ASX: DPM) rose 5.88% to A$59.23 on turnover of A$1.2 million. No ASX announcement today.

• Zip Co (ASX: ZIP) rose 5.56% to A$2.28 on turnover of A$36.2 million. No ASX announcement today.

• Megaport (ASX: MP1) rose 4.79% to A$19.68 on turnover of A$24.4 million. No ASX announcement today.

Fallers

• EQ Resources (ASX: EQR) fell 7.69% to 30 cents on turnover of A$17.1 million. No ASX announcement today.

• TPG Telecom (ASX: TPG) fell 4.90% to A$3.69 on turnover of A$13.8 million. No ASX announcement today.

• Electro Optic Systems (ASX: EOS) fell 3.95% to A$9.73 on turnover of A$41.8 million. On Friday it announced a counter-drone defence contract worth about A$700 million with a Gulf state. Today it said the UK Ministry of Defence had named that customer as Kuwait.

• Cleanaway Waste Management (ASX: CWY) fell 3.62% to A$2.66 on turnover of A$80.9 million. It said EQT Infrastructure is still finishing its due diligence on its proposal to buy Cleanaway through a scheme of arrangement, a takeover voted on by shareholders and approved by a court. The two companies extended their exclusive talks to 19 October 2026.

Mid Caps (A$500 million to A$1 billion)

Gainers

• Cogstate (ASX: CGS) rose 10.14% to A$3.80 on turnover of A$3.8 million. It reported US$25.1 million of new sales contracts in the September quarter, up from US$21.4 million a year earlier.

• IperionX (ASX: IPX) rose 5.91% to A$2.33 on turnover of A$4.5 million. No ASX announcement today.

• Clarity Pharmaceuticals (ASX: CU6) rose 4.07% to A$1.92 on turnover of A$4.6 million. No ASX announcement today.

Fallers

• Lifestyle Communities (ASX: LIC) fell 9.72% to A$3.81 on turnover of A$1.6 million. No ASX announcement today.

• Core Lithium (ASX: CXO) fell 6.12% to 23 cents on turnover of A$8.8 million. Its only release today set the date for its quarterly report, due on Wednesday.

• Brazilian Rare Earths (ASX: BRE) fell 4.89% to A$2.92 on turnover of A$3.4 million. No ASX announcement today.

Small Caps (A$150 million to A$500 million)

Gainers

• Berkeley Energia (ASX: BKY) rose 13.11% to 69 cents on turnover of A$274,000. No ASX announcement today.

• Omega Oil & Gas (ASX: OMA) rose 13.08% to 73.5 cents on turnover of A$4.4 million. It reported that its Canyon-4 well in Queensland's Taroom Trough found 197 metres of net pay, the thickness of rock judged to hold oil and gas that could flow. The company called it its best Canyon result so far.

• Titomic (ASX: TTT) rose 9.52% to 11.5 cents on turnover of A$123,000. It announced a Netherlands Army contract to develop a battle damage prototype.

• Horizon Gold (ASX: HRN) rose 8.82% to A$1.11 on turnover of A$71,000. It reported 44 metres downhole at 5.08 grams of gold a tonne, starting 144 metres down the hole, at Gum Creek in Western Australia.

Fallers

• EBR Systems (ASX: EBR) fell 40.43% to 14 cents on turnover of A$3.9 million. It reported 40 implants of its wireless heart pacing device in the September quarter, down from 46 in the June quarter and below its own forecast. It expects quarterly revenue of US$2.43 million to US$2.53 million.

• Metro Mining (ASX: MMI) fell 25.42% to 88 cents on turnover of A$2.2 million. It shipped 659,000 wet tonnes, a weight that includes moisture, of bauxite in September. Bauxite is the ore used to make aluminium. A sandbank collapse made its barging channel shallower, and its calendar-year shipping guidance is under review.

• Ionic Rare Earths (ASX: IXR) fell 13.39% to 55 cents on turnover of A$1.0 million. No ASX announcement today.

• Ballard Mining (ASX: BM1) fell 9.09% to 65 cents on turnover of A$616,000. It announced a placement, a sale of new shares to selected investors, to fund drilling and early works.

Micro Caps (below A$150 million)

Gainers

• Image Resources (ASX: IMA) rose 42.11% to 2.7 cents on turnover of A$157,000. No ASX announcement today.

• Terra Metals (ASX: TM1) rose 34.48% to 19.5 cents on turnover of A$633,000 before it entered a trading halt, a pause in trading that the company requests. The company said it needs time to answer an ASX price query. A price query is a letter asking a company to explain an unusual share price move. It also plans to release exploration results. The halt runs until Wednesday's open at the latest.

• Native Mineral Resources (ASX: NMR) rose 15.38% to 6 cents on turnover of A$162,000. It announced a refinancing to support growth in its gold production.

Fallers

• Kaoko Metals (ASX: KAO) fell 56.48% to 84 cents from A$1.93 on turnover of A$4.5 million. It reported its first assays, the laboratory results from drill samples, from its Chalkos copper-silver project in Namibia. The first hole returned 37.1 metres downhole at 1.23% copper and 15.2 grams of silver a tonne, starting 54 metres down the hole. The company said drilling is continuing. Samso's Kaoko Metals research workup set out what the drilling had and had not yet shown before today's assays.

• Sentinel Metals (ASX: SNM) fell 20.20% to 39.5 cents on turnover of A$170,000. No ASX announcement today.

• BOA Resources (ASX: BOA) fell 19.44% to 14.5 cents on turnover of A$915,000. It reported copper results from 11 more holes at Ricci Lee in Western Australia, including 10 metres downhole at 2.78% copper, starting 208 metres down the hole. Assays are pending from its last 12 Ricci Lee holes.

• Caspin Resources (ASX: CPN) fell 19.23% to 10.5 cents on turnover of A$255,000. It reported a 45% increase in the tin in its Mineral Resource Estimate for the Kelpie deposit in New South Wales, to 28,000 tonnes. A Mineral Resource Estimate is a company's measure of how much metal it believes is in the ground.

Commodities and Currency

Prices at about 4:22pm AEDT, compared with Friday's close. Gold futures, contracts to buy at a set price on a later date, for December were at US$4,209.60 an ounce, down 0.16%. Silver futures were at US$61.08 an ounce, up 0.68%. Copper futures for December were at US$6.734 a pound, up 1.38%. Brent crude futures, the global oil benchmark, were at US$103.60 a barrel, down 1.07%. West Texas Intermediate crude futures for November, the US benchmark, were at US$90.55 a barrel, down 1.42%. ABC News, citing Reuters, reported that oil fell on expectations of more Russian supply. Iron ore futures for November on the Singapore exchange were up 0.7% at US$91.20 a tonne at 2pm AEDT, according to ABC News.

The Australian dollar was buying about 69.8 US cents at 4:31pm AEDT, up 0.27% from Friday's close of about 69.6 US cents.

Samso Concluding Comments

The ASX 200 rose 0.76% to 8,783.2, led by the banks and the large miners. Seven of the 11 sectors fell, and 671 companies fell against 523 that rose. Communication services was the weakest sector, and ABC News reported a global fall in telco shares on SpaceX's spectrum deal. Australian labour force figures are due on Thursday.

General information only. This is not financial advice.

Samso Market Update | Monday, 12 October 2026 | Pre-market 9:45am AEDT

Futures point to a higher open on the ASX today. ASX 200 futures were up 0.4% at 8,786 points at about 7:00am AEDT, according to ABC News. A futures contract is an agreement to buy or sell at a set price on a later date, and its price shows where traders expect the index to go. The 0.4% is measured against the previous futures close, not against Friday's index close. The S&P/ASX 200 closed on Friday at 8,716.6, up 55.7 points or 0.64%. The All Ordinaries, which tracks the 500 largest listed companies, rose 0.62% to 8,877.7. The S&P/ASX Small Ordinaries, an index of the companies ranked 101 to 300 by size, rose 0.36% to 3,281.9. The Australian dollar was buying approximately 69.8 US cents at 8:45am AEDT. Friday's edition is ASX today, Friday 9 October 2026.

ASX today: Key Highlights

• ASX 200 futures were up 0.4% at 8,786 points at about 7:00am AEDT (ABC News).

• The Dow Jones Industrial Average rose 0.83% on Friday to 51,654.95. The S&P 500 rose 0.59% and the Nasdaq Composite rose 0.64%.

• London's FTSE 100 rose 1.06% and Germany's DAX rose 1.13% on Friday.

• Gold futures for December rose 1.43% to US$4,216.30 an ounce. Copper futures for December rose approximately 2.7%.

• Iron ore fell 0.7% to US$90.60 a tonne on Friday, according to ABC News.

• No Australian Bureau of Statistics release is scheduled for today. Labour force figures are due on Thursday at 11:30am AEDT.

Wall Street overnight

Wall Street's last session was Friday, and the main indices all rose. The Dow Jones Industrial Average rose 423.31 points or 0.83% to 51,654.95. The S&P 500 rose 0.59% to 7,811.54. The Nasdaq Composite rose 0.64% to 27,366.17. The Russell 2000, an index of smaller US companies, rose 0.46% to 2,806.98.

Yahoo Finance reported that shares rose ahead of the US company results season, which it said starts on Tuesday with the large Wall Street banks. It also reported that President Donald Trump said Russia would supply diesel to the United States and global markets, and that oil prices fell on that news. Yahoo Finance reported that a Bloomberg report on OpenAI's revenue helped technology shares recover from Thursday's falls. OpenAI is the company behind ChatGPT.

The US 10-year Treasury yield was about 5.24% at about 3pm New York time on Friday, up about 1 basis point from Thursday. A Treasury is a US government bond. A bond yield is the yearly return from buying a government bond at today's price, and when yields rise, bond prices fall. A basis point is one hundredth of a percentage point.

Yahoo Finance reported that the University of Michigan's early October reading of US consumer sentiment was 46.3, the lowest in five months.

Japan

The Nikkei 225 closed on Friday at 69,030.92, down 11.19 points or 0.02%. Trading Economics reported that the index recovered most of its earlier losses, and that technology shares stayed under pressure. ShareCafe reported that Japanese markets are closed today for a public holiday. The US dollar was buying approximately 158.27 yen at 8:45am AEDT. Samso found no Bank of Japan announcement to report.

London and Europe

London's FTSE 100 closed on Friday at 10,552.1, up 1.06%. Trading Economics reported that lower oil prices eased pressure on bond yields, and that software companies and miners rose. Germany's DAX rose 1.13% to 25,087.27. France's CAC 40 rose 0.95% to 7,803.33.

Currencies

The Australian dollar was buying approximately 69.8 US cents at 8:45am AEDT. It finished Friday's session at approximately 69.6 US cents. The US dollar index, which measures the US dollar against six major currencies, was at approximately 102.2 late on Friday, little changed from Thursday. The euro was buying approximately US$1.120 at 8:45am AEDT. The US dollar was buying approximately 158.27 yen.

Commodities

Gold futures for December closed on Friday at US$4,216.30 an ounce, up US$59.30 or 1.43%. The contract month is the month a futures contract falls due. Silver for December rose approximately 3.4% to US$61.05 an ounce. USAGold, a US bullion dealer, reported that demand at a US 30-year Treasury auction on Thursday pulled long-dated bond yields lower, which supported precious metals.

Copper futures for December closed at US$6.692 a pound, up approximately 2.7%. Mining.com reported that copper on the London Metal Exchange rose 1.6% on Friday to US$14,540 a tonne. It reported low Chinese inventories after a week-long national holiday and a strike at Antofagasta's Centinela mine in Chile. The New York and London copper contracts close at different times, so their daily changes differ.

Iron ore fell 0.7% to US$90.60 a tonne on Friday, according to ABC News.

Brent crude futures closed on Friday at US$104.72 a barrel, up approximately 0.4%. West Texas Intermediate, the US oil benchmark, closed at US$91.85 a barrel for November delivery, up approximately 0.4%. Yahoo Finance reported that Brent fell more than 1% at one point on Friday. Both contracts still finished above Thursday's close.

Today's diary

• No Australian Bureau of Statistics release is scheduled for today, according to the ABS release calendar.

• ABC News reported that the Commonwealth Bank's wage and labour report for September is expected this morning.

• Thursday, 11:30am AEDT. Labour Force, Australia (ABS).

• ABC News lists the Telstra annual general meeting on Tuesday, the Commonwealth Bank annual general meeting on Wednesday and Bank of Queensland's full-year results on Thursday.

Samso Concluding Comments

The Dow, the S&P 500 and the Nasdaq all rose on Friday, and London and Frankfurt each rose by about 1.1%. Yahoo Finance reported that US shares rose ahead of the results season that starts on Tuesday. Gold, silver and copper futures rose and iron ore fell 0.7%. ASX 200 futures were up 0.4% at about 7:00am AEDT, after the index rose 0.64% on Friday. Australian labour force figures are due on Thursday at 11:30am AEDT.

General information only. This is not financial advice.